Analysts are slightly optimistic on Kraft Heinz stock, with 14 of 20 giving the stock a Hold rating and four rating the shares a Buy or Strong Buy. At a share price of around $34.30, the upside potential to the median price target of $40 is about 16.6%. At the high price target of $50, the upside potential is 45.8%.

Kraft Heinz is expected to post fourth-quarter revenue of $6.63 billion, up 4.9% sequentially and down 4.5% year over year. Adjusted EPS are forecast at $0.63, down 2.9% sequentially, and down 21.3% year over year. For full fiscal 2021, analysts are looking for EPS of $2.77, down 3.7% year over year, on revenue of $25.94 billion, down by less than 1%.

The company’s stock trades at 12.4 times expected 2021 EPS, 13.2 times estimated 2022 earnings of $2.61 and 12.9 times estimated 2023 earnings of $2.67 per share. The stock’s 52-week range is $32.78 to $44.95. Kraft Heinz pays an annual dividend of $1.60 (yield of 4.66%). Total shareholder return for the past 12 months was 1.1%.

Shopify

E-commerce platform provider Shopify Inc. (NYSE: SHOP) has posted a share price decline of around 41% over the past year. After touching low in mid-May, shares traded up more than 60%. Since that peak, however, the stock is down more than 49%. Headwinds include rising costs and those ever-present supply chain issues. Both share the blame for a drop in free cash flow from $230 million in the first quarter of last year to $30.5 million in the third quarter. That number has to come back up and analysts will be watching it closely.

Of 44 brokerages covering the stock, 25 rate Shopify a Buy or Strong Buy and 18 have a Hold rating on the stock. At a share price of around $858, the upside potential based on a median price target of $1,450 is 69%. At the high price target of $3,300, the upside potential is nearly 285%.

Analysts are expecting fourth-quarter revenue to come in at $1.34 billion, up 19.5% sequentially and about 37% higher year over year. Adjusted EPS are forecast at $1.31, up by 62.2% year over year but down by 17% year over year. For full fiscal 2021, EPS is forecast to reach $6.34, up 59.3%, with revenue up 56.3% to $4.58 billion.

Shopify trades at 135.5 times expected 2021 earnings, 129 times estimated 2022 earnings of $6.66 and 92.9 times estimated 2023 earnings of $9.30 per share. The stock’s 52-week range is $780.00 to $1,762.92. Shopify does not pay a dividend. Total shareholder return last year was negative 40.8%.

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